Samsung Electronics (삼성전자 IV)

Samsung Electronics (삼성전자 IV)

The resting is the most activities for investigation   

I would like to say to the scalper or day trader of its items” wait and wait and wait doing nothing”

I know that it is most painful action for doing nothing in trader life.

But we have to endure for keeping a way from any trading. For the rest is a sort of investigating or trading.

For reason why:

We have traced it since 2019. 1. 27. 14:38

http://odysseylee69.blog.me/221452171331

Let us have a look before & after

Is it truly moving what we have expected?

And re-check out the key words: trend line, gap, triple top, volume and 20ma (moving average)

Daily chart for Samsung Electronics (삼성전자 IV)

①    Long terns trend line: Do you think that it is breakthrough or not? It has been said that it can be breakthrough (it is depending on how we are drawn.) I dare say it has been breakout.

②    Short terms trend line: it will be co-acting with gap as the supported line

③    Gap: it will be acted as double supported line with ② (trend line) 63,665won will defense price. If so. It should be Box as box theory ( see the red box)

④    Triple top: I was expected that it will be double top as the collective wave but it has been drawn as triple top. I timidly predict that It will be responded as box theory(if the gap is acting as supported line)

⑤    Volume: it is meaningful due to biggest volume among them  

⑥    20ma(moving average line(yellow line): now it is single bottom. I expect that It will be double bottom for 60ma should not be one bottom without double bottom of 20ma. Therefore the corrective wave is inevitable for short terms correction.

Do not be rush

Wait and wait until all candle are step up 20ma again 

even if it is painful perseverance!